Thu.Dec 26, 2024

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3rd-Party Litigation Funding, Federal Regs Among Insurance Trades’ Priorities for 2024

Insurance Journal

Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or challenges heading into 2025? Here are the responses we received: David A.

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Austin Merlin Myers Is a Contender

Property Insurance Coverage Law

My daughter Austin recently graduated from Stetson Law School.She did so with Honors and even achieved four book awards, representing the highest grade in a class.I may not have had four As during law school, much less any hope of a coveted book award.Austin also had the extra blessing of being a mom and giving … The post Austin Merlin Myers Is a Contender appeared first on Property Insurance Coverage Law Blog.

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Lawsuit Targets Universities for Allegedly Favoring Wealthy in Admissions

Insurance Journal

Children of the wealthy and connected get special admissions consideration at some elite U.S. universities, according to new filings in a class-action lawsuit originally brought against 17 schools.

Claim 264
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6 times when you should hire a contractor.

Frankenmuth Insurance

Knowing when to hire a contractor can make a big difference in the outcome of your home project. While some tasks can be done by yourself for less time or money, others require the expertise and credentials of someone who does them for a living. Have home projects on the horizon ? See six instances when we suggest hiring a contractor. When youre starting a large-scale renovation.

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New Hampshire Police Investigating Case of Man Found Dead at Insurance Department

Insurance Journal

The New Hampshire State Police reported that troopers are investigating the death of an adult male found dead at the New Hampshire Insurance Department (NHID).

Insurance 264
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Insurers offer pension schemes discounts to meet buyout targets

Elmore

Plans pursuing bulk annuity transactions offered multimillion incentives to accelerate deals The post Insurers offer pension schemes discounts to meet buyout targets appeared first on Elmore Insurance Brokers.

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The Top 5 Ways To Make Sure Clients Are Prepped For Winter

Rough Notes

Let them know what to expect and assure them that you are available to assist them Every year seems to bring with it some new iteration of Snowpocalypse or Snowmageddon. Make sure your clients protectthemselves, their families, and, if applicable, their employees.

Agents 52
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Florida DFS Posts Latest Enforcement Actions Against Agents, Adjusters

Insurance Journal

Florida’s Department of Financial Services has posted its enforcement actions for much of the last half of 2024, listing 12 insurance agents and 43 adjusters who were penalized, suspended, or had their licenses revoked or voluntarily surrendered them.

Agents 264
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Blog Post: 2024 Year In Review Most Popular Content

LexisNexis

In mid-July 2024, the CounselLink blog was officially launched, publishing twice weekly to provide those interested with enterprise legal management features and content for the corporate legal world. Our audience of readers is people in legal operations, in-house legal teams and the outside counsel they hire. Legal topics run the gamut from anything relating to enterprise legal management software; contract lifecycle management solutions; financial management and cost-cutting strategies for leg

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Catastrophe-Bond Issuance Pushes Overall Market to Almost $50 Billion

Insurance Journal

Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as insurers transferred more risk from costly climate disasters to private investors.

Risk 262
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Is your Agency Climate-Ready for 2025? The Role of insurtech on Risk Management

InsuredMine

Climate change poses an extraordinary challenge for businesses, insurers, and governments alike, making the task of adapting and building resilience feel almost overwhelming. However, the good news is that the there are solutions readily available to tackle this challenge already existwhats crucial now is weaving them into a cohesive, unified strategy.

Risk 52
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Texas Contractor Faces $107K Fine for Exposing Workers to Trench Collapse

Insurance Journal

A U.S. Department of Labor workplace safety investigation has found a Frisco, Texas contractor repeatedly exposed workers to serious hazards by sending them into unprotected trenches without providing a means of escape.

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Blog Post: Undocumented Immigrants Pay More Than Their Fair Share of Taxes

LexisNexis

Marco Guzman, The Hill, Dec. 24, 2024 "Much like their neighbors, undocumented immigrants pay sales and excise taxes on goods and services such as groceries, gas and utilities. They pay property tax regardless of whether they own a home or rent (since landlords pass on a portion of the tax on to renters). They pay payroll taxes via automatic withholdings from paychecks and income taxes in various ways, like by filing with what the IRS calls an ITIN, or Individual Taxpayer Identification Num

Policy 49
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FAA Probes Holiday Drone Show Accident that Injured Florida Boy

Insurance Journal

ORLANDO, Fla.

Injury 246
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Blog Post: Expert: Gathering Needed Evidence Can Be Difficult for Asylum Seekers

LexisNexis

David Olson, Newsday, Dec. 26, 2024 "Julio Zambrano was nervous as he walked into a downtown Manhattan courtroom Nov. 13 and stood before the immigration judge. He removed the backpack that carried three pieces of paper ordering the Ecuadorian migrant and his two young sons to appear in court to show why they should not be deported. Amid Zambranos anxiety was hope that by following the rules showing up in court, meeting repeatedly with immigration authorities and filing a written asylum cl

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Consumer Bureau Accuses Rocket Homes of Illegal Kickbacks in Mortgage Scheme

Insurance Journal

The top U.S. watchdog agency for consumer finance on Monday accused Rocket Homes, a unit of Rocket Companies, and The Jason Mitchell Group of real estate brokerages of an illegal kickback scheme to steer mortgage applications back to Rocket.

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Japan Plane Crash Probe Points to Coast Guard Crew Confusion

Insurance Journal

Cockpit voice recordings released Wednesday indicate Japanese coast guard pilots wrongly thought they could enter an active runway minutes before being struck by a Japan Airlines Co. jet.

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Former New Orleans Sewerage & Water Board Employee Arrested for Workers’ Comp Fraud

Insurance Journal

Louisiana Attorney General Liz Murrill’s Louisiana Bureau of Investigation Special Agents arrested a former employee with the Sewerage & Water Board of New Orleans on December 20 for allegedly committing workers’ compensation fraud.

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Arthur J. Gallagher & Co. Acquires Illinois’ Afina Insurance

Insurance Journal

Arthur J. Gallagher & Co. announced the acquisition of Oakbrook Terrace, Illinois-based Afina Insurance Advisors Inc. (Afina Insurance). Terms of the transaction were not disclosed. Afina Insurance is a property/casualty insurance broker serving clients in greater Chicago.

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Preconstruction Work to Begin in January to Rebuild Collapsed Baltimore Bridge

Insurance Journal

Preconstruction work to collect data to design a new Francis Scott Key Bridge in Baltimore is scheduled to begin in January, according to Maryland officials.

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Flood Gates Removed From Storm Plan for Jersey Shore’s Back Bays

Insurance Journal

federal government has dropped huge gates at the mouths of three inlets, as well as internal waterway barriers from a plan to protect New Jersey’s back bays from the type of catastrophic flooding they endured during Superstorm Sandy.

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People Moves: B. F. Saul Hires Horcher; Maryland Auto Appoints Brown

Insurance Journal

B.F. Saul Insurance, headquartered in Bethesda, Maryland, appointed John Horcher, Jr. as a commercial lines producer. Horcher is based in Philadelphia. Horcher’s previous roles include vice president positions at Marsh, HUB International and Arthur J.

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National Flood Insurance Program Authorized to Continue Through Mid-March

Insurance Journal

The National Flood Insurance Program has been renewed for another three months. On Dec.

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Hockey Player Involved in Deadly Collision Seeks Donations for Legal Costs

Insurance Journal

Matt PetgHockey player Matt Petgrave has called the death of Adam Johnson “a tragic accident” in a public appeal for donations to his legal costs amid a police investigation.

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Rescuers Retrieve 38 Bodies and Recorders From Azeri Plane Crash

Insurance Journal

Kazakh authorities said that a rescue team has recovered 38 bodies at the crash site of Azerbaijan Airlines’ Embraer SA 190 aircraft as clean-up efforts continue.

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Nebraska AG Sues Change Healthcare Over Data Breach

Insurance Journal

Nebraska Attorney General Mike Hilgers filed a lawsuit last week in Lancaster County District Court against Change Healthcare alleging violations of the state’s Consumer Protection and Data Security Laws.

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Investigation Continues After South Florida Boat Explosion Kills 1, Injures 6

Insurance Journal

FORT LAUDERDALE, Fla. (AP) A boat explosion at a South Florida marina has left one person dead and six others injured, officials said. The explosion occurred Monday night about 6 p.m.

Liability 243
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The War on Wildfires Is Going High-Tech

Insurance Journal

Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest.

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INSIGHT-Airline Pilots, Crews Voice Concerns About Middle East Routes

Insurance Journal

In late September, an experienced pilot at low-cost European airline Wizz Air felt anxious after learning his plane would fly over Iraq at night amid mounting tensions between nearby Iran and Israel.

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Global Disease Resurgence in 2024 Shows Rising Health Threat

Insurance Journal

Some infectious diseases saw a huge surge in 2024, with the spread attributed in part to climate change, declining vaccination rates and the advent of new pathogen variants.

Risk 147
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Young Drivers Warned That Policy ‘Fronting” Is Fraud

Insurance Journal

One in six (17%) young drivers admit to being on a ‘fronted’ policy, which is illegal, according to research by United Kingdom insurer Aviva.

Policy 147
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Ex-Citigroup Trader Wins Unfair Dismissal Case in Hong Kong

Insurance Journal

An Asia equity sales trader who was fired from Citigroup Inc. in 2019 won an employment suit against the US bank, Hong Kong’s Labour Tribunal ruled on Monday.

Claim 130
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Oregon OSHA Fines Contractor $135K for Repeated Fall Hazard Violations

Insurance Journal

The Oregon Occupational Safety and Health Division fined a Newberg contractor $135,407 for repeatedly failing to protect employees from work-related hazards.

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People Moves: Petruziello Joins Alliant Employee Benefits Group

Insurance Journal

Mark Petruziello joined Alliant Insurance Services as vice president within its employee benefits group. Based in California, he will work with clients across the West region.

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